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Annual Report and Accounts 2006/07

Notes to Readers

Signet Group plc is an English public limited company, whose shares are listed on the London Stock Exchange (under the symbol “SIG”) and whose American Depositary Shares are listed on the New York Stock Exchange (under the symbol “SIG”).

This document comprises the Annual Report & Accounts of the Group in accordance with United Kingdom requirements. It includes information that is required by the US Securities and Exchange Commission (“SEC”) for the Group’s US annual filing on Form 20-F. This information may be updated or supplemented at the time of the filing of that document with the SEC or later amended if necessary. This document does not constitute Form 20-F. A copy of the Form 20-F is available on the SEC website at www.sec.gov/edgar.shtml.

In this Annual Report:

2002/03 refers to the 52 weeks ended 1 February 2003;
2003/04 refers to the 52 weeks ended 31 January 2004;
2004/05 refers to the 52 weeks ended 29 January 2005;
2005/06 refers to the 52 weeks ended 28 January 2006;
2006/07 refers to the 53 weeks ended 3 February 2007; and
2007/08 refers to the 52 weeks ending 2 February 2008.

For financial years commencing on or after 1 January 2005 UK listed companies are required to report in accordance with International Financial Reporting Standards as adopted by the European Union (“Adopted IFRS”). The Group therefore now prepares its results under Adopted IFRS and this Annual Report contains audited and restated comparative information for 2004/05 and 2005/06. Where amounts are given for 2003/04 and 2002/03, they are based on audited UK GAAP amounts as at 29 January 2005 (“Historic UK GAAP”), restated for Adopted IFRS and are unaudited.